The Clearing House Association and Bank Policy Institute urged the U.S. Department of the Treasury to establish clear, consistent, and technology-neutral standards for digital assets under the Bank Secrecy Act.
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A coalition of industry associations commended the Federal Communications Commission ("FCC") for proposing to eliminate or revise its "revoke-all" rule, which requires businesses to stop all automated communications to a consumer if they reply "STOP" to any one message.
Six financial trade associations urged Treasury Secretary Scott Bessent and Office of Management and Budget Director Russell Vought to sustain staffing and funding for the Community Development Financial Institutions Fund, a U.S. Treasury program that promotes access to capital in low- and moderate-income communities.
A firm settled FINRA charges for failing to establish a supervisory system reasonably designed to ensure compliance with Regulation Best Interest.
FINRA barred a broker for refusing to provide documents requested during an investigation into undisclosed outside investments and trading accounts.